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More Americans have brighter outlook on state of finances for next year: survey


Published on 2024-12-16 02:20:49 - MSN
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  • As the new year approaches, more Americans have a brighter outlook for the state of their personal finances in 2025, a recent Bankrate survey indicated.

According to a recent survey by GOBankingRates, more Americans are optimistic about their financial future in 2024 compared to previous years. The survey, which polled over 1,000 U.S. adults, found that 42% expect their financial situation to improve, a significant increase from the 35% who felt the same last year. This optimism is attributed to several factors including a cooling inflation rate, a robust job market, and expectations of potential interest rate cuts by the Federal Reserve. Despite this positive outlook, concerns remain, with 27% anticipating a decline in their finances, and 31% expecting no change. The survey also highlighted demographic differences, with younger adults and those with higher incomes showing more optimism than older or lower-income respondents.

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